Connect with us

Technology

Global Commercial Aviation Turbofan Engines Market Report 2024, Featuring Key Players GE Aviation, Pratt & Whitney, Rolls Royce and CFM International/Safran

Published

on

DUBLIN, March 4, 2024 /PRNewswire/ — The “Global Commercial Aviation Turbofan Engines Market – 2024 – Predictive Market Outlook for 2024 – Key Trends, Strategic Insights, Growth Opportunities & Market Outlook” report has been added to ResearchAndMarkets.com’s offering.

The Global Commercial Aviation Market is turning a corner with passenger traffic and fleet utilization exceeding pre-COVID levels of 2019 and airlines’ profitability moving into the positive zone for 2023, after years of market carnage and turbulence. The passenger flights being offered by the airlines are likely to exceed the pre-pandemic levels for the first time in 2024, as per IATA, amid surging passenger traffic levels which are likely to provide a boost to fleet utilization with a better load factor, thereby, boosting passenger revenues and RPKs. The airlines profitability, however, continues to be abysmal and at rock bottom, at just $23+ billion for 2023 being at just 2+% net margin and at $5+ per passenger in revenues, way below the cost of capital and is projected to be almost marginally better for 2024 as well, however, amid a relatively lower cost base.

The surge in passenger traffic and supply side constraints on available capacity, due to supply chain issues, are likely to lead to improved fleet and capacity utilization driving up yield & profitability while also boosting MRO demand & activity levels translating into substantial projected MRO revenues growth for the industry over near to medium term. The high crude oil price environment remains a concern for the airlines from a profitability perspective as they also continue to invest towards and undertake measures to transition towards sustainability by reducing their overall carbon emissions in a tight cost of capital market environment with interest rates staying northwards.

The Global Commercial Aircraft Turbofan Engines Market continues to make steady recovery with steady production ramp-up of commercial engines witnessed in 2023 with the industry actively making efforts towards making its way around the supply chain constraints & limitations in order to boost & increase production rates across engine OEMs and programs which did increase significantly in 2023 despite the supply chain woes and supplier issues & delinquencies. However, durability issues being experienced by the in-service fleet of Pratt & Whitney’s PW1000 engine family across the Global Narrowbody fleet have been impacting the available market capacity, further adding to the carriers’ capacity woes which have already been compounded by the discovery of Boeing’s quality issues on the 737 MAX program on a routine basis.

The global economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check inflation. The situation has been further exacerbated by the sustained geopolitical instability marked by the ongoing RussiaUkraine war, which enters its third year, and the Israeli military operations in Gaza, causing tensions and keeping the entire Middle East region on the edge, thereby, becoming a double whammy for the global economic growth which returns to its range-bound average movement of under 3% annually. However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle.

Against this backdrop, the report provides comprehensive insights and analysis and a predictive market outlook on the Global Commercial Aircraft Turbofan engines Market. The coverage includes:

Analysis of Emerging, Near-Term Market Scenario for Commercial Aviation – Near Term Ramp-Up Plans by Aircraft & Engine OEMs amid Supply Chain Woes.Demand Growth Projections & Forecast – Passenger Traffic, Cargo and MRO Growth Rates, Revenues, Fleet Growth Projections, Engine Production & Deliveries Forecast.Key Industry, Market & Technology Trends – Reducing Emissions, Sustainability, SAF, Fleet Planning amid Supply Constraints, 737 MAX 7 & 10 Programs.Issues & Challenges & Risk Factors – Oil Price Volatility, Geopolitical Turbulence, Macroeconomic Challenges, Input Costs, Tight Credit Environment.Potential Growth Opportunities – Key Growth Segments, Markets & Regions.Market Outlook – Projected Turbofan Engine Deliveries across Segments & Markets for Near to Medium Term.

Key Market Players

GE AviationPratt & WhitneyRolls RoyceCFM International/Safran

For more information about this report visit https://www.researchandmarkets.com/r/vxxkd6

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:|
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo – https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-commercial-aviation-turbofan-engines-market-report-2024-featuring-key-players-ge-aviation-pratt–whitney-rolls-royce-and-cfm-internationalsafran-302078932.html

SOURCE Research and Markets

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Krystal Biotech Set to Join S&P MidCap 400; Tutor Perini and V2X to Join S&P SmallCap 600

Published

on

By

NEW YORK, July 20, 2026 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600: 

S&P SmallCap 600 constituent Krystal Biotech Inc. (NASD: KRYS) will replace Taylor Morrison Home Corp. (NYSE: TMHC) in the S&P MidCap 400, and Tutor Perini Corp. (NYSE: TPC) will replace Krystal Biotech in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 24. S&P 500 & 100 constituent Berkshire Hathaway Inc. (NYSE: BRK.A/BRK.B) is acquiring Taylor Morrison Home in a deal expected to close on or about that date, pending final closing conditions.
  V2X Inc. (NYSE: VVX) will replace Avanos Medical Inc. (NYSE: AVNS) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 27. American Industrial Partners is acquiring Avanos Medical in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

July 24, 2026

S&P MidCap 400

Addition

Krystal Biotech

KRYS

Health Care

July 24, 2026

S&P MidCap 400

Deletion

Taylor Morrison Home

TMHC

Consumer Discretionary

July 24, 2026

S&P SmallCap 600

Addition

Tutor Perini Corp

TPC

Industrials

July 24, 2026

S&P SmallCap 600

Deletion

Krystal Biotech

KRYS

Health Care

July 27, 2026

S&P SmallCap 600

Addition

V2X

VVX

Industrials

July 27, 2026

S&P SmallCap 600

Deletion

Avanos Medical

AVNS

Health Care

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/krystal-biotech-set-to-join-sp-midcap-400-tutor-perini-and-v2x-to-join-sp-smallcap-600-302830022.html

SOURCE S&P Dow Jones Indices

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

on

By

TORONTO, July 20, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$999—ALL-INCLUSIVE PUNTA CANA TRIP: 4 NIGHTS WITH FLIGHTS
This all-suite resort is located on a private stretch of white-sand beach. Roundtrip flights, four all-inclusive nights and taxes and fees are included.$1399—HAWAII 5-STAR VACATION: 5 NIGHTS WITH FLIGHTS
For five nights, enjoy world-famous Waikiki Beach. Stay at a 5-star oceanfront resort that boasts a two-storey aquarium and restaurants by Iron Chef Morimoto. Roundtrip flights and all taxes are included. We save 30% off what everyone else pays.$1999—B.C.’S GRIZZLY BEAR RAINFOREST, WITH FLOATPLANE
View grizzly bears and go whale-watching. Stay three nights at an intimate lodge on Minstrel Island. Three guided wildlife cruises, meals and roundtrip floatplane from Campbell River are included. We save $881–$1110 per person when compared to regular prices.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact:
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302830028.html

SOURCE Travelzoo

Continue Reading

Technology

Granicus Strengthens ANZ Leadership Team with Appointment of Jonathan Usher as Managing Director

Published

on

By

Latest leadership appointments reinforce Granicus’ commitment to “growth, innovation and customer success”
across Australia and New Zealand

MELBOURNE, Australia, July 21, 2026 /PRNewswire/ — Granicus, a leading provider of customer experience technologies and services for governments and destination organisations, today announced the appointment of Jonathan Usher as Managing Director for Australia and New Zealand, reinforcing the company’s commitment to the region and supporting its next phase of growth across Australia and New Zealand (ANZ).

Jonathan joins Granicus with more than 25 years of experience leading and scaling technology businesses across Australia and New Zealand. His background spans SaaS, cloud, cybersecurity and digital public services, with a strong track record of building scalable, customer-focused organisations and driving sustainable growth.

In his new role, Jonathan will lead Granicus’ ANZ business, working closely with customers, partners and employees to strengthen customer success, accelerate growth and help organisations deliver better experiences for citizens, visitors and communities.

“Jonathan brings an exceptional combination of leadership experience, commercial acumen and customer focus,” said G Masili, Chief Customer Officer at Granicus.” His understanding of technology, digital services and platform growth makes him ideally positioned to lead our Australia and New Zealand business. As demand continues to grow for modern, connected digital experiences, Jonathan’s experience will help us strengthen our support for customers across the region.”

Jonathan’s appointment forms part of a broader investment in Granicus’ Australia and New Zealand operations. In recent months, the company has also welcomed Julie Morton as Regional Sales Director and Pallavi Sathyanarayana as Regional Product Leader, further strengthening regional expertise across sales, product innovation and customer success.

Together, these appointments represent a significant investment in leadership capability and regional growth, creating a strong foundation for the next chapter of Granicus’ expansion across Australia and New Zealand.

“Throughout my career, I’ve been drawn to organisations that combine strong technology with a clear purpose,” said Jonathan Usher. “Granicus stands out because of the impact it helps customers create every day – helping governments and public sector organisations build stronger connections with the communities they serve. I’m excited to join the team and work alongside our customers and partners to help organisations across Australia and New Zealand deliver better experiences, strengthen engagement and create lasting value for their communities.”

The strengthened leadership team reflects Granicus’ long-term commitment to Australia and New Zealand and its ambition to support customers through the next generation of digital transformation, engagement and service delivery.

About Granicus:
Granicus is the global leader in digital experience technologies and services for the public sector, supporting more than 7,000 public sector organizations worldwide and managing more than 30 billion digital interactions each year. Through its Government Experience Cloud (GXC), Government Experience Agent (GXA), and Government Experience Insights (GXI) platforms, Granicus helps governments deliver trusted, accessible, and efficient services — at scale, and with accountability built in.

Granicus is proud to serve as a critical strategic partner to governments as they work to deliver equitable and secure government experiences. Granicus empowers stronger relationships between government and constituents across the US, UK, Australia, New Zealand, Canada, Latin America and the Caribbean. By simplifying interactions and communicating critical information, Granicus brings governments closer to the people they serve—driving meaningful change for communities around the globe. 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/granicus-strengthens-anz-leadership-team-with-appointment-of-jonathan-usher-as-managing-director-302830031.html

SOURCE Granicus

Continue Reading

Trending